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Banking Research in the Time of COVID-19 (Inglés)

Despite the devastating worldwide human and economic tolls of the COVID-19 crisis, it has created some positive economic and financial surprises and opportunities for research. This paper highlights two such favorable surprises —the shortest U.S. recession on record and the avoidance of any banking crisis—and a number of research opportunities. The paper ties the “economic surprise” of the short recession to the speed and size of U.S. stimulus programs during COVID-19—faster and larger than for the Global Financial Crisis (GFC). It connects the “financial surprise” of the resilient banking sector to prudential policies put in place during and after the GFC that fortified U.S. banks prior to COVID-19. These twin “surprises” are also mutually reinforcing—if either the economy or banking system had failed, so would the other. The paper also reviews extant COVID-19 banking research and suggests paths for future research. It recommends that particular attention be paid to research outside of the U.S.—where fewer favorable “surprises” may be present—as the best way to advance knowledge in this area.

Información

  • Autor

    Berger,Allen N., Demirguc-Kunt,Asli

  • Fecha del documento

    2021/09/23

  • Tipo de documento

    Documento de trabajo sobre investigaciones relativas a políticas

  • Número del informe

    WPS9782

  • Volumen

    1

  • Total Volume(s)

    1

  • País

    Estados Unidos,

  • Región

    Resto del mundo,

  • Fecha de divulgación

    2021/09/23

  • Disclosure Status

    Disclosed

  • Nom. del doc.

    Banking Research in the Time of COVID-19

  • Palabras clave

    number of new infections; banking crisis; number of banks; nonperforming loan; public health crisis; banking industry; primarily due; places of business; demand for good; regular mortgage payment; household net worth; domestic financial market; degree of influence; concentration of loan; local public health; increase in risk; low interest rate; global financial crisis; loss of confidence; commercial real estate; mortgage-backed security; state of emergency; credit card balance; financial distress; large bank; banking system; commercial bank; credit performance; credit supply; liquidity problem; systemic risk; summary statistic; future research; unemployment rate; government activity; loan ratio; account data; financial system; stock market; regulatory accounting; housing price; first year; financial innovation; credit loss; bank failure; capital ratio; regulatory capital; financial outcome; liquidity ratio; economic crisis; deposit ratio; research opportunity; natural disaster; weather shock; raw data; exogenous shock; disease outbreak; research study; Bank Credit; small bank; business strategy; bank liquidity; economic recovery; government restriction; loan portfolio; financial research; loan performance; bank portfolio; government intervention; sample period; capital loss; banking sector; portfolio allocation; business exit; institutional memory; Credit Score; low rate; real gdp; bank bailout; personal income; public confidence; risk characteristic; future prospect; minimum values; interbank lending; syndicated loan; increased risks; household wealth; franchise value; financial ratio; global economy; financial wealth; performance issues; infection rate; public sentiment; calendar year; failing bank; failed bank; structured finance; future payment; econometric analysis; financial entity; healthy bank; modest increase; primarily use; mean value; several years; household debt; Financial Sector; bank debt; credit demand; restriction index; international regulator; standard deviation; bank operation; several areas; transfer risk; real output; debt load; equity capital; late payment; bank examination; bank problem; limited information; diseases cases; bank data; new cases; Work Remotely; financial issue; bank issues; resource center; expected loss; payment delays; low capital; income source; large business; social distance; fire sale; loan loss; average consumer; demographic group; banking asset; economic shock; development policy; research topic; several reasons; research agenda; future bank; capital position; asset class; Research Support; tidal wave; constructive criticism; money supply; research potential; credit availability; financial impact; econometric result; financial action; in economics; several times; financial boom; financial investment; business cycle; empirical research; recipient bank; banking market; bank competition; economic harm; mortgage borrower; research literature; financial harm; international crisis; high capital; market datum; back up; open access

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